Brothers who trade contracts, you must listen to these sincere words; they might help you avoid a huge loss!
Do you always find that when you open a position, it goes against the market?
Just after you stop loss, the market surges, and when you close a position, it skyrockets?
Clearly, you didn't misread the direction, yet in the end, you're left with nothing?
To be honest — it's not that you have bad luck; it's that you haven't seen through the harvesting tricks behind it.
Many people think trading contracts is just buying coins, but in fact, you are signing a betting agreement.
The exchange is the dealer, and you are the gambler; you earn from others' losses, and you also lose what others earn.
Do you still think the funding rate isn't worth paying attention to?
If the rate spikes several times in a row, for instance, if it remains positive, it's actually the exchange "luring bulls in."
Then they flip and harvest you completely while you're still foolishly standing in the bull camp giving away money.
Let's talk about liquidation prices; do you think opening 10x leverage means you need a 10% drop to get liquidated?
Don't be naive; the liquidation price has been very close for a long time. The fees are shockingly high; liquidation isn't because the market is too harsh.
It's that the exchange acted early and cleaned you out completely.
The most deceptive part is leveraging; many think that using high leverage will earn big money.
In reality, what you're magnifying are the fees, the risks, and your own pressure.
The exchange charges you the fees and funding costs accumulated from your "leverage multiple". After a series of operations,
you end up earning nothing while losing ten times faster than trading spot.
Also, about rolling positions, I've seen too many people stake all their profits into the next trade.
When the market reverses, all profits vanish, and they even lose their principal.
Rolling positions must leave a way out; stake half of the profits and keep the other half for safety.
Don't say again, "I was harvested at a fixed point."
You haven't grasped the underlying rules of this game at all.
How could you possibly win?
I'm not a master; it's just that I've played contracts early and fallen into many traps, which is why I consider myself lucky to survive.
To turn things around, don't think about getting rich overnight.
First, understand the rules of the game; otherwise, you'll just keep giving money to the market.
Stop using your hard-earned money to buy lessons. Really, that's enough.